Travel on Points

IDFC First Private Credit Card

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  • Joining fee

    ₹50,000 + GST

  • Annual fee

    ₹25,000 + GST

  • Best suited for

    Movies, Travel, Shopping

  • Reward type

    Reward Points

Rewards

  • Rewards rate

    10X Rewards on Domestic Spends, 5X Rewards on International Spends and 1X Rewards on Utilities, Rent & More

  • Welcome benefits

    50,000 Reward Points

  • Reward redemption

    1 RP = ₹1 for Travel and Shop and ₹0.25 Everywhere Else

Benefits

  • Movie & dining

    ₹750 Off on Movie/Non-Movie Bookings Via BookMyShow (Twice Each Month)

  • Travel

    Unlimited Railway Lounge Access Across India

  • Domestic lounge

    Unlimited Domestic Lounge Access (Primary and Add-On Cardholders)

  • International lounge

    Unlimited International Lounge Access (Primary and Add-On Cardholders)

  • Golf

    Free Unlimited Golf Rounds/Lessons Every Month. One Complimentary Round Each Quarter Across International Courses

  • Insurance

    Travel Insurance, Trip Cancellation Cover, and Air Accident Cover

Fees & charges

  • Rewards redemption fee

    Nil

  • Foreign currency markup

    Zero

  • Interest rates

    0.75% Per Month and 9% Annually

  • Fuel surcharge waiver

    1% Surcharge Waiver on Transactions Between ₹200 and ₹5,000 (No Maximum Cap)

  • Cash advance charges

    Zero Charges Across the Globe

Product highlights

  • Invite-only credit card.
  • You earn Karma Points that you can use for charity.
  • Get up to 10x reward Points on your spends.
  • Get up to Rs. 750 discount on movies twice every month.
  • Get complimentary golf rounds every year.
  • Free domestic as well as international lounge access.
  • Air accident cover worth Rs. 1 Crore.
  • No late payment fee and no over-limit charges.

Pros & cons

Pros

  • With the IDFC First Private Credit Card, individuals can contribute to society by donating Karma Points to charity.
  • One can easily make rental payments with this card without worrying about any surcharge and even earn rewards for doing so.
  • There are no late payment charges associated with this card.

Cons

  • The joining and annual charges of this card are pretty high. Only those with a high spending target can fully benefit from this card.
  • There is no clear eligibility criterion, which creates confusion among customers on how to obtain the Private Credit Card.

FAQs

How to apply for the IDFC First Private Credit Card?

You cannot apply for the IDFC First Private Credit Card, as it is issued on an invite-only basis. You can get this card only if you get an invitation from IDFC First Bank.

What is the foreign exchange (forex) markup fee on the IDFC First Private Credit Card?

There is no forex markup fee associated with this credit card, making it a suitable option for international transactions.

What is the monetary value of 1 Reward Point?

Cardholders can get up to ₹1 value for their Reward Points earned with the IDFC First Private Credit Card. This can be done by using the Reward Points for Travel and Shop (available on the IDFC First Mobile Banking app)